Open Lending Corporation (LPRO) Financial Ratios
9 years of historical data (2017–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
33.21
↑+92% vs avg
5yr avg: 17.26
30Y Low6.3·High50.6
P/FCF
↑
N/A
—
5yr avg: 23.03
30Y Low8.0·High123.6
P/B Ratio
↓
4.92
↓-36% vs avg
5yr avg: 7.69
30Y Low2.5·High108.9
ROE
↓
-5.5%
↑-127% vs avg
5yr avg: 20.6%
30Y Low-366%·High360%
Debt/EBITDA
↑
10.48
↑+135% vs avg
5yr avg: 4.46
30Y Low0.1·High10.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LPRO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Open Lending Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $368M | $184M | $712M | $1.0B | $852M | $2.8B | $2.9B | $397M | $896M | — |
| Enterprise Value | $279M | $95M | $612M | $942M | $800M | $2.9B | $3.0B | $392M | $900M | — |
| P/E Ratio → | -87.11 | — | — | 47.28 | 12.74 | 19.38 | — | 6.35 | 31.45 | — |
| P/S Ratio | 3.94 | 1.97 | 29.62 | 8.80 | 4.75 | 13.18 | 26.62 | 4.27 | 17.16 | — |
| P/B Ratio | 4.92 | 2.45 | 9.11 | 5.03 | 4.00 | 17.87 | 108.88 | — | 3.32 | — |
| P/FCF | — | — | 40.81 | 12.84 | 7.98 | 30.50 | 123.63 | 9.52 | 31.43 | — |
| P/OCF | — | — | 40.43 | 12.51 | 7.93 | 29.86 | 117.63 | 9.50 | 31.31 | — |
P/E links to full P/E history page with 30-year chart
LPRO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Open Lending Corporation's enterprise value stands at 33.2x EBITDA, 92% above its 5-year average of 17.3x. The Financial Services sector median is 11.4x, placing the stock at a 191% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.02 | 25.48 | 8.02 | 4.45 | 13.34 | 27.18 | 4.22 | 17.25 | — |
| EV / EBITDA | 33.21 | 11.34 | — | 30.52 | 8.12 | 19.07 | 50.62 | 6.25 | 31.52 | — |
| EV / EBIT | 46.56 | 15.89 | — | 23.83 | 8.05 | 14.60 | — | 6.24 | 31.41 | — |
| EV / FCF | — | — | 35.11 | 11.70 | 7.49 | 30.87 | 126.27 | 9.42 | 31.59 | — |
LPRO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Open Lending Corporation earns an operating margin of 6.4%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 24.8% to 6.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.5% indicates the company is currently destroying shareholder equity. ROIC of 2.3% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5% | 75.5% | 0.7% | 81.0% | 88.9% | 91.4% | 91.0% | 91.6% | 91.2% | 90.7% |
| Operating Margin | 6.4% | 6.4% | -272.1% | 24.8% | 54.4% | 69.7% | 52.1% | 67.4% | 54.6% | -0.1% |
| Net Profit Margin | -4.5% | -4.5% | -562.0% | 18.8% | 37.1% | 67.7% | -89.6% | 67.4% | 54.2% | -0.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.5% | -5.5% | -95.2% | 10.5% | 35.8% | 157.4% | -366.5% | 360.0% | 21.0% | — |
| ROA | -1.6% | -1.6% | -40.3% | 5.9% | 19.1% | 47.7% | -52.3% | 34.9% | 20.2% | -12.5% |
| ROIC | 2.3% | 2.3% | -17.0% | 6.1% | 21.7% | 45.1% | 22.4% | 214.2% | 15.5% | — |
| ROCE | 2.7% | 2.7% | -21.7% | 8.1% | 29.1% | 51.5% | 32.6% | 35.8% | 20.4% | — |
LPRO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Open Lending Corporation carries a Debt/EBITDA ratio of 10.5x, which is highly leveraged (146% above the sector average of 4.3x). The company holds a net cash position — cash of $177M exceeds total debt of $88M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 1.84 | 0.72 | 0.71 | 0.95 | 6.13 | — | 0.02 | — |
| Debt / EBITDA | 10.48 | 10.48 | — | 4.80 | 1.54 | 1.00 | 2.79 | 0.05 | 0.20 | — |
| Net Debt / Equity | — | -1.18 | -1.27 | -0.45 | -0.25 | 0.22 | 2.32 | — | 0.02 | — |
| Net Debt / EBITDA | -10.54 | -10.54 | — | -2.98 | -0.53 | 0.23 | 1.06 | -0.07 | 0.16 | — |
| Debt / FCF | — | — | -5.70 | -1.14 | -0.49 | 0.38 | 2.63 | -0.10 | 0.16 | 0.02 |
| Interest Coverage | 0.62 | 0.62 | -4.71 | 3.71 | 17.04 | 33.63 | -6.84 | 195.14 | 84.04 | — |
Net cash position: cash ($177M) exceeds total debt ($88M)
LPRO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Open Lending Corporation's current ratio of 4.52x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 14.08x to 4.52x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.52 | 4.52 | 5.84 | 14.08 | 18.58 | 16.81 | 9.57 | 5.52 | 3.28 | 0.10 |
| Quick Ratio | 4.52 | 4.52 | 5.84 | 14.08 | 18.58 | 16.81 | 9.57 | 5.52 | 3.28 | 0.10 |
| Cash Ratio | 3.59 | 3.59 | 5.15 | 11.67 | 13.53 | 9.65 | 5.97 | 0.94 | 3.27 | 0.10 |
| Asset Turnover | — | 0.39 | 0.08 | 0.31 | 0.47 | 0.68 | 0.37 | 1.17 | 0.19 | 132.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
LPRO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Open Lending Corporation returns 1.3% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 67.8% | 66.7% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.1% | 7.9% | 5.2% | — | 15.7% | 3.2% | — |
| FCF Yield | — | — | 2.5% | 7.8% | 12.5% | 3.3% | 0.8% | 10.5% | 3.2% | — |
| Buyback Yield | 1.3% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.3% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $119M | $119M | $121M | $126M | $126M | $83M | $38M | $92M | $31M |
Peer Comparison
Compare LPRO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LPROYou | $368M | -87.1 | 33.2 | — | 75.5% | 6.4% | -5.5% | 2.3% | 10.5 |
 TREE | $541M | 3.6 | 8.6 | 8.9 | 94.3% | 7.3% | 76.5% | 9.0% | 4.2 |
 UPST | $3B | 72.1 | 54.3 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 PRAA | $570M | -1.9 | 1.2 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 CACC | $6B | 15.4 | 10.5 | 5.7 | 98.7% | 47.6% | 25.9% | 10.4% | 5.6 |
 DT | $12B | 76.7 | 38.7 | 22.9 | 81.6% | 13.1% | 6.2% | 11.8% | 0.6 |
 ALLY | $14B | 19.2 | 10.6 | — | 52.0% | 8.6% | 5.8% | 2.2% | 8.9 |
 COF | $125B | 50.0 | 15.7 | 4.8 | 47.3% | 3.3% | 2.8% | 1.3% | 6.8 |
 WRLD | $897M | 10.9 | 8.4 | 3.6 | 70.0% | 28.1% | 20.8% | 12.1% | 3.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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LPRO — Frequently Asked Questions
Quick answers to the most common questions about buying LPRO stock.
What is Open Lending Corporation's P/E ratio?
Open Lending Corporation's current P/E ratio is -87.1x. The historical average is 23.4x.
What is Open Lending Corporation's EV/EBITDA?
Open Lending Corporation's current EV/EBITDA is 33.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.5x.
What is Open Lending Corporation's ROE?
Open Lending Corporation's return on equity (ROE) is -5.5%. The historical average is 14.7%.
Is LPRO stock overvalued?
Based on historical data, Open Lending Corporation is trading at a P/E of -87.1x. Compare with industry peers and growth rates for a complete picture.
What are Open Lending Corporation's profit margins?
Open Lending Corporation has 75.5% gross margin and 6.4% operating margin.
How much debt does Open Lending Corporation have?
Open Lending Corporation's Debt/EBITDA ratio is 10.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.